Governor Hochul Awards More Than $45 Million in Fast NY Grants to Transform Seven Commercial Sites Statewide and Attract High-Tech Manufacturing Businesses to New York State. Awardees Include Sites in Broome, Chemung, Clinton, Fulton, Niagara, Oneida, and Orange Counties. | Click here to read full release and statement from NYSEDC Executive Director Ryan Silva.
NYSERDA awarded two offshore wind projects from its fourth offshore wind solicitation to deliver clean power in 2026. Empire Wind I and Sunrise Wind Will Foster More Than 800 Near-term, Family-Sustaining Jobs. The projects, totaling over 1,700 megawatts of clean energy, will be the largest power generation projects in New York State. | Click here to read more.
Affordable housing isn't just a social issue -- it's a key business consideration. Site Selection Magazine suggests that if you are not using affordable housing as a metric when evaluating locations for your next corporate facility expansion project, you may want to add it to your list of factors. | Read more at Site Selection Magazine here.
Semiconductor investment to bring broad economic positives after the state has awarded GlobalFoundries $575 million to expand their current facilities on top of the $1.5 billion awarded to the company from the federal government. |Read more about the award on News 10 ABC.
GE/Vernova's plans to build new wind turbines in Schenectady is having a multiplier effect. South Carolina-based Energy Hardware plans to open a 44,000-square foot facility in the Glenville Business & Technology Park to supply parts for GE/Vernova's wind operation. This is the third supplier to announce plans to move to the Schenectady area following GE/Vernova's announcement it plans to build onshore wind turbines. | Get the story at the Times Union.
New York City Mayor Eric Adams, New York City Economic Development Corporation (NYCEDC) and Mayor's Office of Talent and Workforce Development (NYCTalent) announced the release of the Green Economy Action Plan — a first-of-its-kind plan that lays out a roadmap to growing the city's green economy to help the city combat climate change, train and position New Yorkers to benefit from the nearly 400,000 projected 'green-collar' jobs in New York City by 2040. | Read more | Read Green Economy Action Plan
Business parks are filling up in Frankfort, Schuyler, with improvements planned at Schuyler Business Park. The Herkimer County Industrial Development Agency (IDA) still has a few options for developers looking for a building site in the county -- just not as many as there used to be. | The Rome Sentinel has the story here.
The Allegany County Board of Legislature adopted a five-year strategic plan for Economic Development. The plan includes a situational assessment resulting from the research and engagement phases of the planning process, and strategies and action maps for nine areas to concentrate on. |Read more at the Wellsville Sun.
Several new companies are looking to move into the L. Michael Treadwell Oswego County Industrial Park in 2024. These companies will occupy several of the few remaining development sites making it more imperative to continue expanding into the 185-acre OCIP expansion site owned by the IDA, according to Austin Wheelock, executive director of Operation Oswego County, Inc.| Click here to read more about the projects.
The Albany Times Union reports that the Semiconductor manufacturing is expected to strain the New York electrical grid. The increase in "large load projects" -- which use significant amounts of energy to operate -- is projected to be a risk to the reliability of the state's power grid if new renewable energy resources are not introduced at a similar rate. |Read more here.
Click here to view our facebook event photo gallery of the event. Be sure to click, tag and share with your network! Be sure to follow our social networks, Linkedin, Instagram, Facebook and X to see video interviews from Skye Ostreicher!
Events + Opportunities
The North Country Alliance Speaker Series Webinar:
CBC Report finds New York and Its Localities Were #1 in Taxes and #2 in Spending
Citizens Budget Commission (CBC) published research on how New York’s budget and spending practices place New York’s state and local tax burden at the top of the charts nationally. | Click here to read full report.
Green Guardrails - Guiding New York's Drive to Lower Emissions
This report, produced by the Empire Center, offers a comprehensive analysis of New York's Climate Leadership and Community Protection Act (CLCPA) and its implications for businesses and ratepayers across the state. | Click here to read.
New York State Policy and Programs
Applications for $60 Million Round of Restore New York Grant Program Now Open
The program, which is administered by Empire State Development, supports municipalities’ efforts to demolish, rehabilitate and restore blighted structures and transform them into vibrant residential, commercial and mixed-use developments.
Funding can be used for vacant, abandoned, condemned or surplus buildings and these properties can be demolished, deconstructed, rehabilitated or reconstructed. Emphasis will be placed on projects in economically distressed communities, projects that leverage other state or federal redevelopment funds and the project's feasibility and readiness.
Intent to apply deadline: March 25, 2024 by 5:00PM EST
